Representatives of the European metals industry, including ferrous and non-ferrous metals, have initiated the process to discuss and establish their own EU Transition Pathway, in collaboration with the European Commission.
The objective of the plan being put together is to ensure the sustainability and resilience of the metals sector, which is central to the overall green and digital transition of the EU’s economy.
“The Transition Pathway for Metals is a timely opportunity to collectively craft a long-term vision for our industry with a fresh approach that transcends policy silos and encompasses various areas, from decarbonisation to energy and circularity policies,” Axel Eggert, general director of Eurofer, says in a note sent to Kallanish.
Europe aims at ensuring the security and sustainability of its metals supply to deliver on its 2030 clean energy goals. Steel, together with non-ferrous metals, is indispensable to develop electric vehicles as well as wind, solar and hydrogen technologies.
The Pathways will lay out the challenges to be faced in the transition towards 2050, including investments required to overcome the challenges and necessary policy framework to encourage new investments. The process will accelerate over the next semester, with the objective of completing the work by the end of March 2024.
Emanuele Norsa Italy